There are dbx II hardware boxes that will do it, but you may actually get better results by building out a DSP process chain that decodes each element of dbx for you.
ebay may have a cheap old deck which can get the job done
Here's something from the web that may help:
PLAYBACK RESPONSE
The reference level of the playback curve is +5dB which is confusing to me (I thought it would be 0dB or 3dB). So I will just verbally describe the dbx II overall record playback response curve as I see it on page 35.
It is essentially a flat +5dB between 100Hz and 1kHz. At 1kHz there is a linear rise to +10dB at 7kHz. Above 7kHz, there is what looks like an exponential roll-off from +10dB(7Hz)to 0dB at 20kHz. Below 100 Hz, it appears to exponentially roll -off to -10dB at 20Hz.
The Tape version is the same, except at 100Hz it rolls-off to -3db at 20Hz.
I'm sure there are better specs available somewhere, but hopefully this could get you started.Those exponential roll-offs are compression, of course, so you will need to expand that range.
The consensus is that you'll use 2 to 1 expanding.
Keep an ear open for any pumping sound in that range, and if so, back it off.
The cassette version is slightly different, I'll hunt around, but an email to dbx may be in order (was it dbx II?)
They are still very much in the biz.
http://www.dbxpro.com/contact.htmmore stuff:
http://en.wikipedia.org/wiki/Dbx_(noise_reduction)
http://www.vintagedbx.com/